DGAP-News: Eleving Group S.A. / Key word(s): Bond
Riga, Latvia, 29 December 2021. Eleving Group (formerly known as Mogo Finance S.A.), a Latvian head-quartered leading provider of financial solutions in Central Europe, CIS & East Africa, has issued subordinated bonds in the amount of EUR 25 million with a maturity of ten years (ISIN: XS2427362491).
Maris Kreics, Group CFO of Eleving Group commented:
"We are very grateful for the trust investors expressed once again in subscribing to our first-time subordinated bonds that will enjoy full equity credit both from our existing Eurobonds as well as rating agency's perspective. This marks another very important milestone in 2021 as well as in our company's history."
About Eleving Group
Eleving Group comprises a number of international and fast-growing financial technology companies with a global presence. The Group operates in the vehicle and consumer finance segments in 3 continents, providing financial inclusion and disruptively changing financial services industries in its countries of operation. To date, the Group has issued almost €1 billion in loans and runs a net loan portfolio of over €240 million. Founded in 2012 as Mogo in Latvia, the Group has revolutionized the way people purchase cars. Having expanded across the Baltics within its first year in business, the Group continued expansion in the following years, servicing a total of 14 active markets.
29.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Eleving Group S.A.
8-10 avenue de la Gare
Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Munich, Tradegate Exchange; SIX
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